A portfolio designed to generate excess return relative to the benchmark over the long term and primarily through stock selection.

Strategy is based on bottom-up and original fundamental research

Alta is committed to running a concentrated portfolio (30-35) with low annualized turnover (10-35%). The equity style is best described as GARP (growth at reasonable price) or quality growth

Alta will consider selling a position due to valuation, change in investment thesis and loss protection

SUB-ADVISER

Established in 1981 (under the name Wagstaff Lodefink & Associates, LP, renamed Alta Capital Management, LLC (“Alta”) in 1997), Alta is a boutique investment management firm, with an experienced investment team. Alta manages assets for institutional and high-net-worth clients. Alta is known for its bottom-up and original fundamental research. Alta is a privately-owned firm managed by its principals who are actively involved in the firm’s day-to-day operations.

The chart illustrates the performance of a hypothetical $10,000 investment made in the fund on commencement of operations. Figures include reinvestment of capital gains and dividends, but do not reflect the effect of any applicable sales charges or redemption fees, which would lower these figures. This chart is not intended to imply any future performance of the fund. Please see important disclosures at the end of this document regarding performance data. Please refer to the table above for performance data current to the most recent month-end.

MORNINGSTAR STYLE BOX™

The Morningstar Style BoxTM reveals a fund's investment style based on portfolio holdings.

OVERALL MORNINGSTAR™ RATING

CALENDAR YEAR PERFORMANCE

A Shares
(at NAV)

Russell 3000® Growth Index

2015

-5.80%

5.09%

2014

-0.88%

12.44%

2013

38.06%

34.23%

2012

8.62%

15.21%

2011

-9.68%

2.18%

2010

34.78%

17.64%

2009

35.12%

37.01%

2008

-41.20%

-38.44%

2007

22.05%

11.40%

2006

3.88%

9.46%

RISK MEASURES

3 - Year

Since Inception

Standard Deviation

15.63

22.23

Beta

1.10

1.12

Alpha

-14.59

-1.49

Tracking Error

9.17

11.28

R-Squared

66.10

75.30

Sharpe Ratio

-0.32

-0.03

Information Ratio

-1.50

-0.12

Risk Measures are in comparison to the fund's primary benchmark unless otherwise indicated. Based on share class shown for both the 3-year period and since inception of the fund.

*Expense ratios are as-of the most recent prospectus. Contractual arrangements have been made with the fund’s investment manager, Transamerica Asset Management, Inc. (“TAM”), through March 1, 2017.
**Reflects average annual returns. Returns for funds that are less than one year old are not annualized.
***Formerly known as Transamerica Growth Opportunities.

Prior to March 22, 2011, the fund had a different sub-advisor, a different investment objective, and used different investment strategies to a previous sub-advisor.
Prior to March 1, 2016, the fund had a different sub-advisor, a different investment objective, used different investment strategies and had a different benchmark index.

The performance data presented here represents past performance; future results will vary. Current performance may be lower or higher than the performance data quoted. The investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Performance may not be available for all periods indicated. Net Asset Value (NAV) returns include reinvestment of dividends and capital gains, but do not reflect any sales charges. Public Offering Price (POP) returns include reinvestment of dividends and capital gains, and reflect the maximum sales charge.

Maximum sales charge for Class A shares is 5.50%.

Maximum applicable contingent deferred sales charges for Class B is 5.00% in the first year, decreasing to 0% after five years.

Purchases of Class C Shares are subject to a 1.00% contingent deferred sales charge if redeemed during the first 12 months of purchase.

There are no sales charges on Class I shares. Class I shares are currently primarily offered for investment to institutional investors including, but not limited to, fee-based programs, pension plans, and certain endowment plans and foundations.

There are no sales charges on Class I2 shares. Class I2 shares are currently primarily offered for investment by certain funds of funds.

Performance figures reflect any fee waivers and/or expense reimbursements by the Investment Adviser. Without such waivers and/or reimbursements, the performance would be lower. Future waivers and/or reimbursements are at the discretion of the Investment Adviser.

1 Year returns reflect total return.

RISK MEASURESStandard Deviation is a statistical measurement that helps to gauge the fund's historical volatility. Historical Beta illustrates a fund's sensitivity to price movements in relation to a benchmark index. Alpha is a coefficient measuring the portion of a fund's return arising from specific (non-market) risk. Tracking Error is the difference between the price behavior of a fund and the price behavior of a benchmark. R-Squared is a statistical measure that represents the percentage of a fund's movements that can be explained by movements in a benchmark index. Sharpe Ratio is a risk-adjusted measure calculated by using standard deviation and excess return to determine reward per unit of risk. Information Ratio is a ratio of portfolio returns above those of a benchmark compared to the volatility of those returns.

The Russell 3000® Growth Index is an unmanaged index used as a general measure of market performance. It is not possible to invest directly into an index. Calculations assume dividends and capital gains are reinvested and do not include any managerial expenses. Russell Investment Group is the source and owner of the trademarks, service marks, and copyrights related to the Russell indexes. Russell® is a trademark of Russell Investment Group.

Returns on growth stocks may not move in tandem with return on other categories of stocks or the market as a whole. Growth stocks may be particularly susceptible to larger price swings or to adverse developments. Growth stocks as a group may be out of favor and under-perform the overall equity market for a long period of time, for example, while the market favors “value” stocks.

Shares may be sold (or “redeemed”) on any day the New York Stock Exchange is open for business. Proceeds from the redemption of shares will usually be sent to the redeeming shareholder within three business days after receipt in good order of a request for redemption. However, Transamerica Funds has the right to take up to seven days to pay redemption proceeds, and may postpone payment under certain circumstances, as authorized by law.

Due to rounding, not all of the percentages will equal 100%.

Shares of the fund may only be sold by offering the fund's prospectus. You should consider the investment objective, risks, charges, and expenses of the fund carefully before investing. The prospectus contains this and additional important information regarding the fund. To obtain the prospectus and/or a summary prospectus, please contact your financial professional or go to Transamerica.com. The prospectus should be read carefully before investing.

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Insurance products and services are offered or issued by Transamerica Life Insurance Company1, Cedar Rapids, IA; Transamerica Financial Life Insurance Company, Harrison, NY (licensed in New York); Transamerica Advisors Life Insurance Company, Little Rock, AR; Transamerica Premier Life Insurance Company, Cedar Rapids, IA; and Transamerica Casualty Insurance Company, Columbus, OH. Variable products and mutual funds are underwritten and distributed by Transamerica Capital, Inc., or Transamerica Investors Securities Corporation, each a broker/dealer and member of FINRA. Securities and investment advisory services offered by Transamerica Financial Advisors, Inc., a broker/dealer, member of FINRA, SIPC and a Registered Investment Adviser. Investment advisory services are also offered by Transamerica Retirement Advisors, LLC, a Registered Investment Adviser. References to Transamerica on this site apply to an individual company or collectively to these and other Transamerica companies. This site may not yet be approved by the Departments of Insurance in all states at the time of publication. Transamerica companies are part of the Aegon Group. Copyright 2011 - 2016 Transamerica Corporation, 4333 Edgewood Road NE, Cedar Rapids, IA 52499—All Rights Reserved.

1Stonebridge Life Insurance Company merged into Transamerica Life Insurance Company on October 1, 2015.